Top 10 Best Performing Money Market Funds in Nigeria Deliver Over 20% Returns in 2026
Nigeria’s money market fund sector continues to attract investors seeking safety, liquidity, and attractive returns, with the segment’s net asset value rising to N5.84 trillion as of May 2026. According to data compiled from the Securities and Exchange Commission (SEC), the sector recorded a 2.73% increase from the N5.68 trillion reported in April, reinforcing its position as the largest segment of Nigeria’s mutual fund industry. The 47 registered money market funds now account for nearly 65% of the country’s total mutual fund assets.
The growing appeal of money market funds comes as investors look for secure avenues to preserve capital while earning competitive returns in a high-interest-rate environment. These funds invest primarily in short-term, high-quality financial instruments, making them a preferred choice for both retail and institutional investors. Investor confidence is also reflected in the rapid growth of participation, with the number of unitholders climbing to 771,265 in May, representing an increase of 37,963 investors from the previous month.
Leading the rankings is the RT Briscoe Money Market Fund, which posted an impressive year-to-date (YTD) yield of 20.87%, making it the highest-performing money market fund in Nigeria as of May 2026. The fund is followed closely by the Coronation Money Market Fund with a YTD yield of 20.15%, while the DLM Money Market Fund secured third place with a return of 20.12%. These funds stood out among competitors by delivering some of the strongest returns in the market while maintaining the liquidity and stability investors seek.
Other notable performers include the STL Money Market Fund with a yield of 19.49%, the Myrtle Mynest Money Market Fund at 19.01%, and the Page Money Market Fund at 18.79%. Also making the top ten list were the Trustbanc Money Market Fund (18.73%), Greenwich Plus Money Market Fund (18.67%), CardinalStone Money Market Fund (18.65%), and the Coral Money Market Fund (18.28%). Together, these funds continue to demonstrate the strong earning potential available within Nigeria’s fixed-income investment landscape.
Despite their strong performance, the top 10 funds collectively manage just N255.82 billion, representing a small fraction of the industry’s total N5.84 trillion assets. This highlights the highly fragmented nature of Nigeria’s money market fund sector, where assets remain spread across numerous funds. As interest rates remain attractive and investors prioritize stability amid economic uncertainty, analysts expect money market funds to remain one of the most sought-after investment vehicles throughout 2026.
source: nairametrics